NZD Interest Rate Statement | Forex Factory

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NZD Interest Rate Statement

  • #1
  • First Post: Dec 6, 2006 10:31am Dec 6, 2006 10:31am
I just wanted to start this thread in khaldonm historic chart, but i thought it would be better to open another thread.
i wanted to say thanks to khaldonm and BK and maxy for their hard work for bringing us a lot of info like historic charts for trading news with insight and prospective....

BTW, this nzd interest rate in late year would be intersting, because this is full year and NZD didnt hike their rate, maybe they will do something this time? i suppose this will be a good move, if they hike, maybe even 150 pips, i hope. any comment from you Professional would be apprecaited.
  • #2
  • Dec 6, 2006 10:37am Dec 6, 2006 10:37am
I dout it my friend, the kiwi @ 68 is hurting their exports, did you see the last trade balance? Huge Deficit! I doubt there will be a rate hike, under all reservation and in my opinion, the rate will be kept as is.

Sma
  • #3
  • Dec 6, 2006 11:13am Dec 6, 2006 11:13am
Quoting Sma
I dout it my friend, the kiwi @ 68 is hurting their exports, did you see the last trade balance? Huge Deficit! I doubt there will be a rate hike, under all reservation and in my opinion, the rate will be kept as is.

Sma
Thanks my friend for your observation.
I Think you're right, but you know those last 6 report from NZD for interest rate was intact and no hike, but we saw a good move about more than 30 pips by only comments, what do you think about comments and statment itself this time, you think there would be any move from them?
Thanks again.
  • #4
  • Jan 24, 2007 8:12am Jan 24, 2007 8:12am
here it goes this news again. this time they are not going to change rate because of CPI and retail sale, and may see no move here, anyone have idea about this?
  • #5
  • Jan 24, 2007 8:26am Jan 24, 2007 8:26am
Does someone have historic charts of NZD Interest rate statement? It produces nice move according to Economic Report V 0.4. But I dont know whether it reverses or not...
  • #6
  • Jan 24, 2007 8:40am Jan 24, 2007 8:40am
i'll sleep through this news.. waking up 3AM in the morning for nothing will be a huge dissapointment...
  • #7
  • Jan 24, 2007 8:48am Jan 24, 2007 8:48am
Quoting BurgerKing
i'll sleep through this news.. waking up 3AM in the morning for nothing will be a huge dissapointment...

hello BK, you mean you don't want to even watch it? could you please elaborate why you don't wan to not trade this one? your history charts showing good move even no hike happened!
  • #8
  • Jan 24, 2007 8:48am Jan 24, 2007 8:48am
i plan on havin some kiwi for lunch today!!
"i wake up in the morning, and i piss excellence"
  • #9
  • Jan 24, 2007 8:56am Jan 24, 2007 8:56am
I think what will happen is either:

1. RBNZ raises by 25bps - NZD/USD goes up 130pips
2. RBNZ stays on hold, and a 40pip sell-off, as a knee-jerk reaction, followed by focus on the statement. If the statement is dovish expect a continuation to the sell-off, if bullish expect price to retrace to the pre-release area.

I would use low-leverage on this one though.
Forex rules
  • #10
  • Jan 24, 2007 10:25am Jan 24, 2007 10:25am
Hi GUYS,

What currency I should trade in new Zealand session? In my platform doesnt show any of New Zealand vs. Can I choose AUD/US?
  • #11
  • Jan 24, 2007 10:57am Jan 24, 2007 10:57am
Quoting wauyu
Hi GUYS,

What currency I should trade in new Zealand session? In my platform doesnt show any of New Zealand vs. Can I choose AUD/US?
No, you should go with nzd pairs only.
like NZD/USD, aud/nzd,GBP/NZD, euro/nzd...

nzd/usd is best here, if you cant see that select all symbol from market watch.
  • #12
  • Jan 24, 2007 12:55pm Jan 24, 2007 12:55pm
is it ok to straddle for this news?
  • #13
  • Jan 24, 2007 1:08pm Jan 24, 2007 1:08pm
Quoting dudin
is it ok to straddle for this news?
hey dudin,
nobody know what will happen, we'll see only after news, eventually straddling interest rate statement is risky, you will have to becarfull.
and i have some hope that may dovish happen and we may get some pips from going down kiwi.......

Good luck.
  • #14
  • Jan 24, 2007 1:48pm Jan 24, 2007 1:48pm
Looking at the price action today, it seems that traders are expecting no rate hike with somewhat dovish statement.
  • #15
  • Jan 24, 2007 1:53pm Jan 24, 2007 1:53pm
Quoting wauyu
Hi GUYS,

What currency I should trade in new Zealand session? In my platform doesnt show any of New Zealand vs. Can I choose AUD/US?
  • #16
  • Jan 24, 2007 2:11pm Jan 24, 2007 2:11pm
NZD has rallied 50 Pips from its lows even with rates steady.
  • #17
  • Jan 24, 2007 2:14pm Jan 24, 2007 2:14pm
Hope no one was relying on Dow Jones News Headlines !!

24 Jan 2007 20:02 GMT

*DJ Reserve Bank Of NZ Raises Cash Rate By 25 BP To 7.50%

(MORE TO FOLLOW) Dow Jones Newswires
January 24, 2007 15:02 ET (20:02 GMT)


It took them a further 4 minutes to put out the "no change' correction
  • #18
  • Jan 24, 2007 2:25pm Jan 24, 2007 2:25pm
I notice that the GBP(AUD and NZD) pairs are very volatile to news. THe AUD CPi gave GBPAUD a 300 pip move lastnight. I never saw something like that before.

now NZD interest rate came out steady regardless of low cpi and retail sales. even though rates are steady. the GPBNZD went up 70 pips. then plummets to 200 pips+ below the top of the spike.

imagine if the rate was hiked
  • #19
  • Jan 24, 2007 2:30pm Jan 24, 2007 2:30pm
My bad, it is 256 pips at the moment. i'm 87 pips profit
  • #20
  • Jan 24, 2007 2:35pm Jan 24, 2007 2:35pm
Finally, GBPNZD is 300 pips from top of spike to bottom. and still going.

I cant explain this phenomina. anyone?
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